Cancel a timeshare, what are the advantages?

The timeshare industry has been into the lion’s mouth for the last couple of years, and it has generated lots of controversy and discussions in many forums and blogs on the web. However, since we’re living an economic downturn, anyone would expect that the timeshare sales collapse, but instead of that the sales seem to be increasing… but this comes with a trap: timeshare scams are increasing too. That leads us to the question: then, why keep people investing on timeshares?

Well, the first thing we have to understand is that timeshares are not investments, but a purchase that requires lots of expenses a year. The thing is that the timeshares salespeople use rhetoric as a massive weapon, bombarding the potential victims with lies and practically pushing them into getting a property. So, for those who already fell for a timeshare scam you might ask yourselves: how to cancel a timeshare? Is it a viable option? Find out the answer for those questions by reading the rest of the article.

Cancel a Timeshare – Why is it the best option?

Many owners don’t know how to get rid of their properties, and a big part of them have been trying to do it for years. They were told that they could rent their units out and even make a profit, or that they could resell the timeshare very easily and for a bigger value. That sounds like a good deal, doesn’t it? But then, if you take a look at EBay, you’ll see several timeshare offers for a buck or even less! That’s because renting or reselling a timeshare is not an easy task at all, in fact, it is almost impossible. Therefore, to cancel a timeshare becomes the easiest way to dump a property.

Cancel a Timeshare – The advantages

There are numerous advantages when you cancel a timeshare. It is not only the easiest way to dump a timeshare, but also the most effective solution. We’ll give you ten reasons for you to think about why to cancel a timeshare is an efficient alternative:

How to cancel a timeshare?

Every timeshare contract must mention a rescission period that goes normally from 5 to 10 days, depending on the regulations established on the place where you bought the property. In Mexico, that rescission period is on a 5 day record, then you have 5 days to inform the company that you want to cancel the contract. Nevertheless, in most cases people look to cancel the timeshare when the cooling-off period has already past. In those cases it is advisable to contact an expert. There are various timeshare cancellation companies who claim to help people who are victims of a timeshare scam, but still many people don’t trust these companies, which is completely understandable being that the timeshare industry is full of scammers, that is why is always important to research on a company before making any kind of deal with it. You also have to remember that to cancel a timeshare you don’t have to pay an upfront fee. Mexican Timeshare Solutions works under a contingency basis and only collect fee if the contract is fully cancelled, otherwise, no fee is charged. Contact MTS for a free consultation and s full advice on your timeshare matter. It’s time for you to get away from that contract.

Information to share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

I need to cancell my timeshare, but already pass 4 month, I want to cancelled because they said all was a lie.

MarciaJune 24, 2014, 3:37 pm

I need to cancell my timeshare, but already pass 4 month, I want to cancelled because they said all was a lie.

PatyApril 4, 2014, 3:34 pm

dejar de pagar algo innecesario siempre es una gran ventaja!!!

CeejadeMarzo 24, 2014, 2:35 pm

This is really one good article. It could really be frustrating sometimes to sell timeshares because majority of the timeshare owners also want to get rid of it because of the high maintenance fee that you have you pay annually.

It’s sad to say that the timeshare owners wanting to get rid of their properties are very vulnerable to these scams as most of them are desperate already in getting rid of their timeshares.

RobintFebruary 18, 2014, 12:18 pm

My husband defaulted on timeshare unfortunately back in 2009. We are now in the position to settle the debt. The timeshare company said it would note our credit report as ZERO balance paid in full. We were told by a builders' mortgage company that even with this verbiage on our credit report we still have to wait 3 years before we would be able to be approved for mortgage because defaulting on a timeshare is the same as a foreclosure. This is the only thing on our credit that is preventing us from building. Is this true?

RichardJanuary 16, 2014, 1:52 am

If you need to sell your timeshare then DO NOT pay any upfront fees to anyone. Any timeshare resale company worth their salt will know how to market the membership and will be quite happy (and make a lot of money) from the sale. Having said this, the only attractive thing about selling your timeshare to someone else will be the price. Its why some timeshares are free. IF you go down the free route, then the company 'selling ' it for you will not work for free, so they will charge a fixed fee for the process. The fee should be charged AFTER the paperwork has been processed.

Kelly BaptistaJanuary 3, 2014, 11:29 am

I need to know if a company that I am considering signing a contract with to help me with a timeshare scam is legitimate. They are requesting money upfront to help me fight a battle to get out of my timeshare contract. They are called Timeshare Answers and the gentleman I spoke with is named Charles Delph. Thank you for any info you can provide me.